An insurance premium is a
A) payment made by an insurance company to a policyholder after the occurrence of an insurable event.
B) payment made by an insurance company to a policyholder following a period in which the policyholder has filed no claims against the company.
C) fee paid by policyholders to insurance companies as payment for coverage.
D) fee paid by policyholders to insurance companies in exchange for special considerations, such as a particularly large policy.
C
You might also like to view...
One factor which brought on the recession of 2007-2009 was the end of the housing bubble
Indicate whether the statement is true or false
If there is a sole producer of a good, and he faces no threat of competition, it is likely that:
A. government intervention will have no impact on the market. B. government intervention will raise prices to consumers. C. government intervention will increase total surplus. D. government intervention will make things better for buyers and sellers.
If a bank is selling Russian rubles (RUB) for $0.16, then the implied ruble price of the dollar is RUB 6.25
a. True b. False Indicate whether the statement is true or false
Today, the earth has ________ of all of the species that have ever lived.
A. less than 1 percent B. about 50 percent C. about 99 percent D. 100 percent